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🚨 ETH Market Update | 11.5 Ether Silk Road 🚨
Luyao’s short entry at 3730 yesterday proved spot-on, with ETH plunging to a low of 3055 — a massive 670-point move! The market remains highly volatile, with traders battling around key support and resistance zones. ⚔️
📉 On the 4H chart, Ethereum continues its downward slide — consistent bearish candles are carving a clear descending channel. The trend is weak, and there’s no visible bottom or rebound yet. Brief recoveries look forced and short-lived, likely bear traps meant to lure in premature buyers.
⚠️ Strategy Reminder:
Don’t get caught by short-term fake moves! Avoid chasing momentum blindly — stay patient, stay defensive.
🎯 Key Levels:
Range: 3350 – 3400
Target: 3200
If 3200 breaks → next stop 3000
Always maintain strict risk control!
#ETH #Ethereum #CryptoAnalysis #ETHUSDT